BlackRock Intermediate Muni Income Bond ETF (NYSEARCA:INMU) Trading Up 0.3%

Shares of BlackRock Intermediate Muni Income Bond ETF (NYSEARCA:INMU) shot up 0.3% during mid-day trading on Monday . The company traded as high as $24.13 and last traded at $24.13. 39,063 shares traded hands during trading, an increase of 599% from the average session volume of 5,586 shares. The stock had previously closed at $24.06.

BlackRock Intermediate Muni Income Bond ETF Stock Performance

The business has a 50-day simple moving average of $23.88 and a 200-day simple moving average of $23.70.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Truist Financial Corp grew its stake in shares of BlackRock Intermediate Muni Income Bond ETF by 8.4% during the second quarter. Truist Financial Corp now owns 16,114 shares of the company’s stock valued at $379,000 after buying an additional 1,251 shares during the last quarter. NewEdge Advisors LLC increased its stake in BlackRock Intermediate Muni Income Bond ETF by 10.1% in the second quarter. NewEdge Advisors LLC now owns 52,633 shares of the company’s stock worth $1,239,000 after purchasing an additional 4,820 shares during the period. CWM LLC lifted its position in shares of BlackRock Intermediate Muni Income Bond ETF by 1,508.0% during the second quarter. CWM LLC now owns 20,019 shares of the company’s stock worth $471,000 after purchasing an additional 18,774 shares during the last quarter. Cyr Financial Inc. purchased a new stake in shares of BlackRock Intermediate Muni Income Bond ETF during the second quarter valued at $751,000. Finally, SimpliFi Inc. bought a new position in shares of BlackRock Intermediate Muni Income Bond ETF in the second quarter worth about $1,060,000.

About BlackRock Intermediate Muni Income Bond ETF

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.